AGP Executive Report
Last update: 5 hours agoHousehold & rates: Australia’s unemployment rate jumped to 4.5% in July (up from 4.4%), with employment down 15,800—adding to signs the labour market is cooling and giving the RBA more reason to tread carefully. Public finance: Australia’s federal gross debt crossed $1 trillion for the first time, with the AOFM issuing new debt as interest costs are projected to rise. Mortgage competition: With new home loan demand softening, homeowners are being urged to negotiate harder as lenders compete more aggressively on rates. Broker market shift: Finsure’s broker headcount fell over the quarter even as revenue per broker rose, amid an ongoing compliance cloud. Fraud & scams: AUSTRAC-linked action is spotlighting suspected mortgage fraud across banks, while regulators and psychologists warn scams can cause major psychological harm beyond financial loss. Insurance & claims: AFCA backed a broker after a truck claim was rejected over undisclosed driver history, saying the client had chances to correct details. Energy policy: Labor and the Greens are pushing back on a Senate inquiry into a new energy/infrastructure tax proposal, with critics warning of higher power prices and job impacts.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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